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The Year End Balance Sheet of Manor Inc Includes The Following

The document is the year-end balance sheet for Manor, Inc. which includes details of the stockholders' equity section showing figures for 10% cumulative preferred stock, common stock, additional paid-in capital, donated capital, and retained earnings, totaling $18,160,000 in stockholders' equity. It provides instructions to compute answers to questions about details in the stockholders' equity section.

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Amit Pandey
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108 views1 page

The Year End Balance Sheet of Manor Inc Includes The Following

The document is the year-end balance sheet for Manor, Inc. which includes details of the stockholders' equity section showing figures for 10% cumulative preferred stock, common stock, additional paid-in capital, donated capital, and retained earnings, totaling $18,160,000 in stockholders' equity. It provides instructions to compute answers to questions about details in the stockholders' equity section.

Uploaded by

Amit Pandey
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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Download as PDF, TXT or read online on Scribd
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The year end balance sheet of Manor Inc includes the

following
The year-end balance sheet of Manor, Inc., includes the following stockholders’ equity section
(with certain details omitted):Stockholders’ equity:10% cumulative preferred stock, $100 par
value, authorized 100,000 shares . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $
4,400,000Common stock, $2 par value, authorized 2,000,000 shares . . . . . . . . . . . . . . . . . . . . .
. . . . . . . . . . . . . . . . . . . . . . . . . . . 3,400,000Additional paid-in capital: common stock . . . . . . . . .
. . . . . . . . . . . . . . . . . . . . . 6,800,000Donated capital . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
. . . . . . . . . .. . . . . . . 400,000Retained earnings . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
. . . . . . . . . 3,160,000 Total stockholders’ equity . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
. . $18,160,000InstructionsFrom this information, compute answers to the following questions:a.
How many shares of preferred stock have been issued?b. What is the total amount of the
annual dividends paid to preferred stockholders?c. How many shares of common stock are
outstanding?d. What was the average issuance price per share of common stock?e. What is the
amount of legal capital?f. What is the total amount of paid-in capital?g. What is the book value
per share of common stock? (There are no dividends in arrears.)h. Assume that retained
earnings at the beginning of the year amounted to $1,200,000 and the net income for the year
was $4,800,000. What was the dividend declared during the year on each share of common
stock?View Solution:
The year end balance sheet of Manor Inc includes the following
SOLUTION-- http://solutiondone.online/downloads/the-year-end-balance-sheet-of-manor-inc-
includes-the-following/

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